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How to get WA's Cheapest Electricity

Jun 10, 2021 11:42:09 AM

Chances are that if you're a small business owner in Western Australia, you've Googled how to get cheaper power.

Unfortunately for most small businesses, anyone using less than 50,000 kWh each year is bound to either the L1 or R1 Synergy plan. The options for low cost power aren't exactly compelling.

If your business uses more power overnight than in the day, then it's likely you should be on Synergy's R1 plan because their off-peak rate (10pm-8am and weekends) is only 10 cents per kWh, which is pretty sharp.

But - if you're one of the tens of thousands of businesses who operate through the day (ironically when wholesale power is actually at its cheapest) then you'll either pay 26 or 34 cents. Pretty brutal.

What's the good news about getting a lower power bill for your business? The electricity market in Australia is undergoing a massive revolution. Think Uber vs taxis, or Instagram vs Kodak. Or COVID vs everything, basically. By the end of the decade, it's more likely that most people will be generating more power than they use, becoming cash flow positive 'pro-sumers' in the process.

It also means you can access innovative, cheaper energy with behind-the-meter' (BTM) plans. A BTM plan is where power is produced on site, allowing customers to avoid the significant cost of poles and wires - which is about 50% of the total cost of power.

In 2017, national retailer Beacon Lighting made the transition to clean energy across 50 of their stores with a Power Purchase Agreement  (PPA) courtesy of Upstream Energy. Upstream installed 2.5MW of solar across the properties (where Beacon Lighting was a tenant) to deliver immediate savings of 20%.

Businesses in Western Australia can now access similar, low cost power options with Upstream. Synergy now has competition in the small business space.

Upstream is offering small businesses electricity plans that are 25% cheaper than Synergy's L1 plan. Not only this - but a free solar system is part of the package, maintained and insured by Upstream at their cost, and transferred to the customer after just 5 years. 

Sign up to Upstream here.

Nathan Begley
Written by Nathan Begley

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